Litecoin Price Tops $85.09 on Major Exchanges (LTC)

Litecoin (LTC) traded down 2.2% against the dollar during the twenty-four hour period ending at 9:00 AM ET on May 24th. In the last seven days, Litecoin has traded 2.1% higher against the dollar. Litecoin has a total market cap of $6.34 billion and approximately $689.49 million worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can now be purchased for approximately $85.09 or 0.00126532 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Dogecoin (DOGE) traded up 1.5% against the dollar and now trades at $0.17 or 0.00000246 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $5.94 or 0.00008834 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• DEI (DEI) traded down 4.2% against the dollar and now trades at $0.0169 or 0.00000025 BTC.
• Polymath (POLY) traded down 2.6% against the dollar and now trades at $0.0712 or 0.00000106 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• EAC (EAC) traded flat against the dollar and now trades at $0.0011 or 0.00000004 BTC.

Litecoin Coin Profile

LTC is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,565,794 coins. Litecoin’s official message board is litecointalk.io. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. The official website for Litecoin is litecoin.org.

According to CryptoCompare, “Litecoin (LTC) is a digital currency designed for fast, low-cost payments over the internet. Created by Charlie Lee in 2011 as an alternative to Bitcoin, it offers improved transaction times and a higher maximum supply, using a different algorithm (scrypt) for mining. Litecoin facilitates peer-to-peer transactions without a central authority, making it suitable for a wide range of financial activities, from everyday purchases to trading and investment. Its creation by a former Google engineer aimed to address and improve upon some of Bitcoin’s limitations, establishing Litecoin as a practical complement to Bitcoin in the digital currency ecosystem.”

Buying and Selling Litecoin

Investors seeking to trade Litecoin using US dollars directly can do so using Gemini, GDAX or Coinbase.

LTC/USD price chart by TradingView